Last checked at 16 Oct 2013 16:25
Ricardo PLC
Director / PDMR Shareholdings
16 October 2013
London
1. 2006 Long Term Incentive Plan - grant of plan cycle 7
Ricardo PLC (the "Company") announces that, on 16 October 2013, conditional awards over a total of 185,399 shares of 25 pence each in the Company ("Shares") were granted to Executive Directors and other PDMRs under the terms of the Company's 2006 Long Term Incentive Plan (the "LTIP"), as set out below. These awards vest after three years and are subject to TSR and EPS performance conditions.
Name | Role | No. of Shares over which awards granted |
Dave Shemmans | Executive Director | 73,380 |
Ian Gibson | Executive Director | 25,983 |
Mark Garrett | Executive Director | 22,676 |
Martin Fausset | PDMR | 14,430 |
Tom Apostolos | PDMR | 9,423 |
Robert Hentschel | PDMR | 8,615 |
Markus Döerr | PDMR | 12,674 |
Gary Tan | PDMR | 9,199 |
Robert Bell | PDMR | 9,019 |
2. 2011 Deferred Bonus Plan - grant of deferred awards and matching awards
The Company also announces that, on 16 October 2013, conditional "deferred awards" over a total of 62,931 Shares were granted to Executive Directors and other PDMRs under the terms of the Company's 2011 Deferred Bonus Plan ("DBP"), as set out below. Subject to continuing employment, these awards vest after three years. These DBP deferred awards (which include dividend equivalent entitlements) are not subject to performance conditions.
Name | Role | No. of Shares over which awards granted |
Dave Shemmans | Executive Director | 34,292 |
Mark Garrett | Executive Director | 15,620 |
Martin Fausset | PDMR | 5,848 |
Tom Apostolos | PDMR | 3,817 |
Gary Tan | PDMR | 3,354 |
Finally, further conditional "matching awards" over a total of 49,912 Shares were granted to Executive Directors under the terms of the DBP on the basis of one Share comprised in such a "matching award" for each Share comprised in the corresponding deferred award (detailed above) granted to an individual on the same occasion. Details of these DBP matching awards, which do not include dividend equivalent entitlements, but are subject to the same performance conditions that apply to the awards granted on 16 October 2013 under cycle 7 of the LTIP, are set out below:
Name | Role | No. of Shares over which awards granted |
Dave Shemmans | Executive Director | 34,292 |
Mark Garrett | Executive Director | 15,620 |
3. Current total holdings of awards / options over Shares
Following the above notifications, the total number of Shares over which the relevant Executive Directors and other PDMRs hold outstanding awards / options is set out below:
Name | Role | Total no. of Shares subject to awards and options now held | Approximate % of Company's issued share capital |
Dave Shemmans | Executive Director | 616,044 | 1.18% |
Ian Gibson | Executive Director | 25,983 | 0.05% |
Mark Garrett | Executive Director | 221,144 | 0.42% |
Martin Fausset | PDMR | 71,753 | 0.14% |
Tom Apostolos | PDMR | 36,699 | 0.07% |
Robert Hentschel | PDMR | 8,615 | 0.02% |
Markus Döerr | PDMR | 99,208 | 0.19% |
Gary Tan | PDMR | 29,972 | 0.06% |
Robert Bell | PDMR | 23,554 | 0.05% |
The above notifications are intended to satisfy the Company's obligations under Disclosure and Transparency Rule ("DTR") 3.1.4R.